CER - Centre for Energy Regulation

RCP

Power Market Economics and Operation

All modules

June 03 - June 18, 2023

Terms and Conditions for the Participants

You (the participant) are not authorised to:
- Copy, modify, reproduce, re-publish, sub-licence, sell, upload, broadcast, post, transmit or distribute any of the course materials.
- Record on video or audio tape, in any media or other means whatsoever.
- Use the course materials in the provision of any other course or training
- Modify, adapt, merge, translate, disassemble, decompile, any software forming part of the online courses.
While registering with CER, you will need to provide accurate, current and complete information such as personal and professional details, contact details, e-mail address, etc.
You should maintain the security of your password and identification and be fully responsible for all use of your account and for any action that take place using your account. You shall notify CER, in case of any unauthorized use of your password and identification.
Transfer of the account to any other person is not allowed. Do not share your log-in credentials with anybody. Any misuse will disqualify the participant and no fee will be refunded.
To enable us to monitor, we gather certain information about you, including details of the operating system, browser version, domain name and IP address. Every participant can use maximum two devices for accessing the course content and the password must be changed every second week. If you wish to use more than two devices, you must seek permission from CER providing full details of the third device (MAC address).
The Course is facilitated through CER’s Online Learning Environment and Tools. It is your responsibility to have the proper hardware and software requirements, along with access to high-speed internet, to be able to participate in the course.
The course description provides a broad outline of the overall content of the program. CER, IITK may modify/ delete any content, in part or full, in-line with the evolving nature of the subject matter and the discretion of the instructor.
You will have to ensure to keep pace with the program schedule including requirements for assignments, discussions and examinations. It is recommended that you plan in advance to allocate sufficient time to successfully complete the course.
On completion of the course, you will be awarded a ‘Certificate of Participation’. On successfully passing the examination conducted on CER’s online examination portal, you will be awarded a ‘Certificate of Excellence’.
In the case of any Force Majeure conditions, CER shall not be liable for any delay or failure of its obligations or termination under these terms and conditions arising from causes beyond its reasonable control, including, but not limited to, fires, floods, earthquakes, volcanoes and other acts of God.

Learning Level

Fundamental & Advanced

Duration

25 hours

Language

English

dialpad

Batch Code

CER_RCP_PMEO03

About this Program

The Program on Power Market Economics and Operation: provides insights to the economic and operational aspects of power market,its procucts,and their role in the Indian power market. The Program would be conducted under the aegis of Centre for Continuing Education, IIT Kanpur.

Program Duration:
About 25 hours

Relevance of the Program:

Understanding the evolution of power market, and regulatory structure for the same

Examining the cost drivers for regulation and ancillary services to maintain the grid security

Understanding the economic operation of power market and power procurement plannin

Learning from international experience with power market development

Addressing the present and emerging challenges related to power market

Key Topics:

Power Market Regulation

Operation of Power Exchanges

Market Monitoring

Open Access

Distributed Energy Market

Power Procurement Planning

Ancillary Services

Congestion Management

Retail Competition

Load Forecasting

Security Constrained Economic Dispatch

Market Based Economic Dispatch

Economic Operation of Power System
Learning Outcomes

Conceptual understanding of power market from economics, regulatory and policy perspective

Opportunity to learn best practices from global experts

Developing the ability to understand the emerging needs for better operation of power markets

Understanding the operations of power market and its products
Agenda / Schedule

Schedule for the program would be generally organised between 5:00pm - 06:45pm (Mon, Tue., Wed., Thu., Fri) and 03:30pm - 05:00pm (Sat., Sun.). Pre-recorded session will be released in advance.

Week-1

These are the following sessions.

Program Inaguration 03 June, 2023 ,5:00 - 5:30 pm

Evolution of Power Market Develoment in India 03 June, 2023 ,5:30 - 7:00 pm

Economic Fundamentals of Power Sector 04 June, 2023 ,5:00 - 5:30 pm

Market Failure and Natural Monopoly 04 June, 2023 ,5:45 - 6:15 pm

Wholesale Power Market in India: Role of Power Exchanges and Trading 05 June, 2023, 5:00 - 5:30 pm

Derivatives and Risk Management in Power Market 06 June, 2023, 5:00 - 5:30 pm

Functioning of Power Exchanges: Regulation, Development and Products 07 June, 2023, 5:00 - 5:30 pm

Long-term Power Procurement under Case-1and Case-2, and Structure of PPA 08 June, 2023, 5:00 - 5:30 pm

Emerging Landscape of the Indian Power Market: General Network Access and Beyond 11 June, 2023, 10:45 - 11:15 am

Economics of Power Market: Regulated vs Competitive Procurement 10 June, 2023, 5:00 - 5:30 pm

Resource Adequacy - Principal, Practices and way forward 10 June, 2023, 5:45 - 6:15 pm

SCED, MBED and Brainstorming - I 11 June, 2023, 9:30 - 10:30 am

Week-2

Regional Power Market in South Asia 12 June, 2023, 5:00 - 5:30 pm

Power System Operation and Deviation Settlement Mechanism,13 June, 2023,5:00 - 5:30 pm

Short-Term Power Procurement Practices 14 June, 2023,5:00 - 5:30 pm

Evolution and Emerging landscape for Ancillary Services 15 June, 2023, 5:00 - 5:30 pm

Retail Competition in Electricity: International Experience 16 June, 2023, 5:00 - 5:30 pm

Open Access Regulations and Short-term Power Procurement Practices 17 June, 2023,6:30 - 7:00 pm
Today's session would be a live session kindly ignore the session uploaded

Brainstorming & Interactive Discussion - II 17 June, 2023 5:30 - 6:30 pm

Overall Assessment 18 June, 2023, 10:00am-12:00pm

* Subject to confirmation by the respective resource person
Pedagogy

Mode of delivery:

The program will be delivered in online mode in the form of live and recorded sessions to offer flexibility to the working professionals. The recorded sessions would be hosted at CER’s Online Learning Environment and Tools (OLET) platform. The program will be covered across 2 weeks and include multiple sessions of about 1 hour 30 min each (with total program duration of more than 25 hours).
Who should apply?

Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Generating Companies, Licensees (Transmission, Distribution and Trading), Financial Institutions, Consultants, Investors, Consumer Organisations and NGOs; Faculty, Researchers and Students from Academic Institutions; and other stake holders who want to enhance their understanding of this multi-disciplinary area.
Award of Certificate
- Certificate of Achievement -
  1. Minimum participation of 50% in live sessions and 70% overall (including recorded video lectures)
- Certificate of Participation -
Note: Criteria may be modified/ updated later
Download Brochure

Registration Fee

A. Details of Registration Fee

S. No.	Participation Category	Fee (INR)^@	Total (INR)
1	Industry^*	35000 + 18% GST	41300
2	Faculty a. IITK b. Non-IITK^#	16000 16000 + 18% GST	16000 18880
3	Students a. IITK b. Non-IITK ^##	5000 5000 + 18% GST	5000 5900
4	SERCs having MoU with CER-IITK	28000 + 18% GST	33040

# Including NGOs, Consumer Organisation and research institutions (non-corporate).

## Should be a full-time student and present a bonafide certificate on demand.

^* Including Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Licensees (Transmission, Distribution and Trading), Load Dispatch Centers, RE Development Agencies, Financial Institutions, Consultants, Investors, Industrial consumer, IPPs.

^{^}Three or more participants from the same orgnaization (other than SERCs having MoU with CER-IITK) will get 20% discount on registration fee.

B. Important Dates

Registration will commence on: 13^th May 2023

End date of registration: 02^nd June 2023

Program starts on: 04^th June 2023

Program ends on: 18^th June 2023

C. Guidelines for registration process

FAQ's
Contact us

Centre for Energy Regulation (CER)

Department of Management Sciences

Indian Institute of Technology Kanpur-208016

Phone: +91 512 259 6181

Email: cer_cbp@iitk.ac.in

For any query on
CER's Regulatory Certification Program (RCP) on
"Power Market Economics and Operation"
Write here

Week-1

		Date	Time
S.No.	Sessions	Live Interactive Session		Resource Persons
	Program Inauguration	03 June, 2023		Chief guest - Mr. Sanjay Dubey Principal Secretary, Energy & NRE, Government of Madhya Pradesh
	Valedictory function	24 June, 2023	5:00 - 5:30 pm	Chief guest - Shri. Alok Kumar, Secretary(Power), Ministry of Power, Government of India
1	Introduction to CER's OLET Platform	02 June, 2023	5:00 - 5:30 pm
2	Evolution of Power Market Development in India	03 June, 2023 (LIVE)	5:30 - 7:00 pm	Prof. Anoop Singh, Professor, IIT K
3	Economic Fundamentals of Power Sector	04 June, 2023	5:00 - 5:30 pm	Prof. Anoop Singh, Professor, IIT K
4	Market Failure and Natural Monopoly	04 June, 2023	5:45 - 6:15 pm	Prof. Anoop Singh, Professor, IIT K
5	Wholesale Power Market in India: Role of Power Exchanges and Trading	05 June, 2023	5:00 - 5:30 pm	Mr. Akhilesh Awasthy, Former COO, HPX. Currectly Partner with Lantau Group India Pvt. Ltd.
6	Derivatives and Risk Management in Power Market	06 June, 2023	5:00 - 5:30 pm	Prof. Anoop Singh, Professor, IIT K
7	Functioning of Power Exchanges: Regulation, Development and Products	07 June, 2023	5:00 - 5:30 pm	Mr. Jogendra Behera, Vice President (Market Design & Eco.), Indian Energy Exchange Limited
8	Long-term Power Procurement under Case-1and Case-2, and Structure of PPA	08 June, 2023	5:00 - 5:30 pm	Mr. P. V. Shathish, Senior Associate, CDPQ
9	Emerging Landscape of the Indian Power Market: General Network Access and Beyond	11 June, 2023	10:45 - 11:15 am	Ms. Shilpa Agarwal, Joint Chief Engg., CERC
10	Economics of Power Market: Regulated vs Competitive Procurement	10 June, 2023	5:00 - 5:30 pm	Prof. Anoop Singh, Professor, IIT K
11	Resource Adequacy - Principal, Practices and way forward	10 June, 2023	5:45 - 6:15 pm	Prof. Anoop Singh, Professor, IIT K
12	SCED, MBED and Brainstorming - I	11 June, 2023	9:30 - 10:30 am	Prof. Anoop Singh, Professor, IIT K

Week-2

		Date	Time
S.No.	Sessions	Live Interactive Session		Resource Persons
1	Regional Power Market in South Asia	12 June, 2023	5:00 - 5:30 pm	Mr. Pardeep Jindal,Chief Engineer, CEA
2	Power System Operation and Deviation Settlement Mechanism	13 June, 2023	5:00 - 5:30 pm	Mr. Sushil Kumar Soonee, Former Advisor & CEO, POSOCO
3	Short-Term Power Procurement Practices	14 June, 2023	5:00 - 5:30 pm	Mr. Abhishek Ranjan, Sr. VP Strategy & Head - Utilities and Retail at Renew Power
4	Evolution and Emerging landscape for Ancillary Services	15 June, 2023	5:00 - 5:30 pm	Mr. Rajiv Porwal, Executive Director (System Operation)
5	Retail Competition: Indian Perspective and International Experience	16 June, 2023	5:00 - 5:30 pm	Mr. Amit Goenka, Associate Director, Delloitte India
6	Open Access Regulations and Short-term Power Procurement Practices	17 June, 2023	6:30 - 7:00 pm	Mr. Bikram Singh, PTC India Limited
7	Brainstorming & Interactive Discussion - II	17 June, 2023	10:00 - 11:00 am	Prof. Anoop Singh, Professor, IIT K
8	Overall Assessment	18 June, 2023	10:00am-12:00pm	Prof. Anoop Singh, Professor, IIT K

* Subject to confirmation by the respective resource person

About this Program

The Program on Power Market Economics and Operation provides insights to the economic and operational aspects of power market, its products, and their role in the Indian power market. The Program would be conducted under the aegis of Centre for Continuing Education, IIT Kanpur.
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Program Duration:

fiber_manual_record

25 hours.

label

Relevance of the Program:

fiber_manual_record

Understanding the evolution of power market, and regulatory structure for the same

fiber_manual_record

Examining the cost drivers for regulation and ancillary services to maintain the grid security

fiber_manual_record

Understanding the economic operation of power market and power procurement planning

fiber_manual_record

Learning from international experience with power market development

fiber_manual_record

Addressing the present and emerging challenges related to power market

label

Key Topics:

fiber_manual_record

Power Market Regulation

fiber_manual_record

Operation of Power Exchanges

fiber_manual_record

Market Monitoring

fiber_manual_record

Open Access

fiber_manual_record

Distributed Energy Market

fiber_manual_record

Power Procurement Planning

fiber_manual_record

Ancillary Services

fiber_manual_record

Congestion Management

fiber_manual_record

Retail Competition

fiber_manual_record

Load Forecasting

fiber_manual_record

Security Constrained Economic Despatch

fiber_manual_record

Market Based Economic Despatch

fiber_manual_record

Economic Operation of Power System

Learning Outcomes

fiber_manual_record

Conceptual understanding of power market from economics, regulatory and policy perspectives

fiber_manual_record

Opportunity to learn best practices from global experts

fiber_manual_record

Developing the ability to understand the emerging needs for better operation of power markets

fiber_manual_record

Understanding the operations of power market and its products

Pedagogy

Mode of delivery:

The program will be delivered in online mode in the form of live and recorded sessions to offer flexibility to the working professionals. The recorded sessions would be hosted at CER’s Online Learning Environment and Tools (OLET) platform. The program will be covered across 2 weeks and include multiple sessions of about 1 hour 30 min each (with total program duration of more than 25 hours).

Who Should Apply

Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Generating Companies, Licensees (Transmission, Distribution and Trading), Financial Institutions, Consultants, Investors, Consumer Organisations and NGOs; Faculty, Researchers and Students from Academic Institutions; and other stake holders who want to enhance their understanding of this multi-disciplinary area.

Image Gallery

Award of Certificate

Participants would be awarded one of the following certificates as per the criteria mentioned:

Certificate of Achievement -
1. Minimum participation of 50% in live sessions and 70% overall (including recorded video lectures)
Certificate of Participation -

Minimum attendance of 30% in live sessions and 50% overall (including recorded video lectures) and not meeting the criteria for Certificate of Achievement

*No certificate will be awarded, if the above criteria for minimum attendance is not met or the performance in the Assessment is below the minimum certification criteria for the program

*If any candidate fails to appear in the Assessment, no certificate will be awarded

Note: Criteria may be modified/ updated later

Registration Fee

A. Details of Registration Fee

S. No.	Participation Category	Fee (INR)^@	Total (INR)
1	Industry^*	35000 + 18% GST	41300
2	Faculty a. IITK b. Non-IITK^#	16000 16000 + 18% GST	16000 18880
3	Students a. IITK b. Non-IITK ^##	5000 5000 + 18% GST	5000 5900
4	SERCs having MoU with CER-IITK	28000 + 18% GST	33040

# Including NGOs, Consumer Organisation and research institutions (non-corporate).

## Should be a full-time student and present a bonafide certificate on demand.

^{^}Three or more participants from the same orgnaization (other than SERCs having MoU with CER-IITK) will get 20% discount on registration fee.

B. Important Dates

Registration will commence on: 13^th May 2023

End date of registration: 02^nd June 2023

Program starts on: 04^th June 2023

Program ends on: 18^th June 2023

C. Guidelines for registration process

Centre for Energy Regulation (CER)

Department of Management Sciences

Indian Institute of Technology Kanpur-208016

Phone: +91 512 259 6181

Email: cer_cbp@iitk.ac.in

fiber_manual_record For any query on CER's Regulatory Certification Program (RCP) on "Power Market Economics and Operation"

Write here

Download Brochure

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OERC - Regulation on Procurement of Energy from Renewable Sources and its Compliance Regulations, 2024 [Draft]

Guidelines Resource Adequacy

OERC - Regulation on Framework for Resource Adequacy [Draft]
Electricity Ancillary Services

MPERC "Ancillary Services" Regulations, 2024 [Draft]

Staff Paper Market Monitoring

CERC: Staff Paper on Regulatory Oversight on Bidding Behaviour in Power Exchanges

Renewable Open Access and Captive Generation

DERC (Terms and Conditions for Green Energy Open Access) Regulations, 2024. [Draft]

Green Energy Renewable Purchase Obligation & REC

DERC (Renewable Purchase Obligation and RE Certificate Framework Implementation) Regulations, 2024

Name:	Mr. rahl kr
Date of Registration:	10-08-2021
Course:
Module:
Batch No:	Jan-2021
Start Date:	01-02-2021
End Date:	31-05-2021

Centre for Energy Regulation

Last Date of Registration for RCP on "Power Market Economics and Operation" is 03^rd Dec 2024.